Archive

January 2025

Browsing

In this video, Mary Ellen analyzes the divergence between the S&P 500 and the Nasdaq while highlighting some of the areas driving Growth stocks. She also talks about the continuation rally in Energy and Utility stocks and shares which stocks are driving these areas higher.

This video originally premiered January 3, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

The Russell 2000 ETF managed a double-digit gain in 2024, but did it the hard way with several deep pullbacks. Pullbacks within uptrends are opportunities and we can find such opportunities using %B.

The chart below shows the Russell 2000 ETF (IWM) with the Zigzag(8) indicator. This indicator changes direction when there is a move greater than 8%, which means it ignores price moves that are less than 8%. I am showing this indicator to highlight five pullbacks of 8% or more in 2024. That’s a lot. In contrast, the S&P 500 SPDR (SPY) only experienced one 8+ percent pullback in early August.

Overall, IWM advanced 10% in 2024. That seems like a good year, but it was a “hard” 10% when we include the five 8+ percent pullbacks. This is simply the nature of small-cap stocks. They are less “trendy” than large-caps and have higher betas, making them more susceptible to wider fluctuations. Traders need to consider this when trading small-caps. As noted in Chart Trader this week, we see similar price action in the S&P 500 EW ETF (RSP) and S&P MidCap 400 SPDR (MDY).

Click here to take Chart Trader trial and get immediate access.

Buying upside breakouts is probably not the best strategy for trading IWM. Instead, traders should consider pullbacks and mean-reversion opportunities. We can identify such opportunities using Bollinger Bands (20,2) and %B (20,2). The middle line on the Bollinger Bands is the 20-day SMA and the bands are two standard deviations above and below. A close below the lower band means price fell two standard deviations and this creates an oversold condition.

Chartists can quantify oversold conditions using %B, which falls below 0 when the close is below the lower Bollinger Band. The blue lines on the chart above show %B dipping below 0 four times in 2024. Note that I would also only look for oversold conditions when price is above the 200-day SMA (long-term uptrend). When the bigger trend is up, a close below the lower Bollinger Band signals an oversold condition that can lead to a bounce.

December was a rough month for many stocks and ETFs. Even so, the weight of the evidence remains bullish for stocks and these pullbacks look like corrections within bigger uptrends. This week’s reports and videos focused on long-term breadth indicators, short-term oversold breadth, leading ETFs and a dozen ETFs with tradable pullbacks.

Click here to take a Chart Trader trial and get immediate access.

///////////////////////////////////////////////

Cameco (TSX:CCO,NYSE:CCJ) said on Thursday (January 2) that it has learned of a production halt at JV Inkai.

Kazatomprom (LSE:KAP,OTC Pink:NATKY), the company’s partner at the site, said JV Inkai was unable to obtain an extension for submitting updated Uranium Deposit Development documentation.

The extension wasn’t received due to a delay in submitting required documents to Kazakhstan’s Ministry of Energy.

The suspension at JV Inkai took effect on Wednesday (January 1).

Kazatomprom, which holds a 60 percent stake in the joint venture, instructed JV Inkai to prepare for the suspension to ensure compliance with local legislation. Cameco holds the remaining 40 percent interest.

According to Cameco, the delay in regulatory approval was unexpected.

The company reported that as late as December 26, communications from Kazatomprom and JV Inkai suggested the process to update documentation was proceeding without issues, with no indication that production might be at risk.

The formal notification of the suspension arrived on Tuesday (December 31), just one day before operations ceased.

Cameco expressed concern over the lack of prior warning, emphasizing that the suspension could affect uranium production volumes and financial returns in 2025 and 2026. The firm is currently seeking clarification from Kazatomprom regarding the circumstances that led to the regulatory delay and potential pathways to resume operations.

Cameco is also evaluating operational and financial impacts. The company noted that dividends from JV Inkai, which contribute to Cameco’s overall profitability, may be affected depending on the duration of the production halt.

The uranium miner acknowledged the possibility of prolonged regulatory delays, citing complex legal frameworks and potential amendments to resource use contracts in Kazakhstan. Cameco’s ongoing risk assessment will focus on mitigating impacts to shareholders, while maintaining compliance with Kazakh regulations.

Kazakhstan is currently the world’s largest uranium producer, and JV Inkai is a key supplier within the sector.

JV Inkai operates one of Kazakhstan’s most significant uranium deposits, contributing to Cameco’s global portfolio.

The suspension marks the first major disruption at JV Inkai since the joint venture’s establishment.

Cameco reassured stakeholders that it remains focused on supporting JV Inkai and Kazatomprom in navigating the regulatory process to ensure a timely return to production.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

To kick it off, our team asked five experts to share their highest-conviction sectors. Here’s what they had to say.

1. Rick Rule — Gold stocks for speculators, oil/gas for investors

Rick Rule of Rule Investment Media gave options for both speculators and investors when he answered the question, emphasizing that people should know which category they fall into.

2. Gareth Soloway — Gold

Gareth Soloway of VerifiedInvesting.com chose gold, saying he thinks it will be 2025’s best-performing asset due to a wide variety of factors, including concerning warning signs from the US stock market.

3. Lobo Tiggre — Copper

Copper is at the top of the list for Lobo Tiggre of IndepedentSpeculator.com, although he did consider silver as well.

Watch to see why he ultimately went with the red metal.

4. David Morgan — Energy

David Morgan of the Morgan Report is best known for his silver commentary, but when asked about his highest-conviction sector for 2025 he went in another direction, saying energy is the most important.

5. Frank Holmes — Data centers

Frank Homes of US Global Investors (NASDAQ:GROW) made a similar point, saying that energy demand from the fast-growing artificial sector will make data centers important to watch.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Zodiac Gold Inc. (TSXV: ZAU) (‘Zodiac Gold’ or the ‘Company’), a West-African gold exploration company, is pleased to announce that, further to the Company’s news release dated November 20, 2024, it has closed its first tranche of its previously announced private placement (the ‘Offering’) for gross proceeds of approximately C$123,000 (the ‘First Tranche’). The net proceeds of the First Tranche will be used for exploration of the Company’s Todi gold project and for working capital purposes.

Pursuant to the First Tranche closing of the Offering, the Company issued 1,230,000 units of the Company (each a ‘Unit‘) at a price of C$0.10 per Unit. Each Unit consists of one common share of the Company (each, a ‘Common Share‘) and one common share purchase warrant (a ‘Warrant‘). Each Warrant will entitle the holder thereof to acquire one additional Common Share (a ‘Warrant Share‘) at a price of C$0.15 per Warrant Share until the date which is 24 months following the closing date of the First Tranche of the Offering.

The Company paid finder’s fees to certain finders, consisting of a cash fee of C$1,400 and 10,400 finder warrants (the ‘Finder Warrants‘) pursuant to the First Tranche. Each Finder Warrant entitles the holder to acquire one Common Share at a price of C$0.15 per share for a period of 24 months from the date of issuance.

All securities issued pursuant to the First Tranche closing of the Offering, including Common Shares issuable upon the exercise of Warrants, are and will be subject to a hold period of four months and one day after the date of closing of the First Tranche of the Offering.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

The Company also announces that it has received TSX Venture Exchange (‘TSXV’) approval to extend the closing of the Offering until January 30, 2025. The Company expects to close the balance of the Offering on or before January 30, 2025.

Insider Participation

An insider participated in the Offering and subscribed for an aggregate of 100,000 Units for a total of approximately C$10,000. Such participation is considered to be a ‘related party transaction’ as defined under the policies of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The Company has relied on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as the fair market value (as determined under MI 61-101) of the Units acquired by the insider and the consideration paid by such insider does not exceed 25% of the Company’s market capitalization. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances in order to complete the Offering in an expeditious manner.

Shares for Debt Settlement

In addition, the Company intends to settle an aggregate of C$166,425.30 owing to certain Director and service providers of the Company, including David Kol (Director and Chief Executive Officer), by issuing a total of 1,664,253 Common Shares to them at a price of C$0.10 per share. The amounts owing represent unpaid fees for services and expenses previously provided to the Company, as well as cash advances that have been previously provided to the Company to fund certain short-term working capital expenditures. The Company is proposing to complete these settlements to preserve cash to fund future operations. The disinterested members of the Company’s board of directors believe that the debt settlements are in the best interests of the Company and have unanimously approved them. Completion of the debt settlements is subject to the receipt of all necessary TSXV approvals.

Because insiders will be participating in the debt settlement, it is considered to be a ‘related party transaction’ as defined under the policies of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The Company is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the Common Shares to be issued to the participating insiders nor the consideration received from them exceeds 25% of the Company’s market capitalization.

About Zodiac Gold

Zodiac Gold Inc. (TSXV: ZAU) is a West-African gold exploration company focused on its flagship Todi Project situated in Liberia-an underexplored, politically stable, mining-friendly jurisdiction hosting several large-scale gold deposits. Strategically positioned along the fertile Todi Shear Zone, Zodiac Gold is developing a district-scale gold opportunity covering a vast 2,316 km2 land package. The project has undergone de-risking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets and high-grade gold intercepts.

For further information, please visit the Zodiac Gold website at www.zodiac-gold.com or contact:

David Kol
President & CEO
info@zodiac-gold.com

Forward-Looking Information

This news release includes certain ‘forward-looking statements’ within the meaning of Canadian securities legislation.

Forward-looking statements include predictions, projections, and forecasts and are often, but not always, identified by the use of words such as ‘seek’, ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘forecast’, ‘expect’, ‘potential’, ‘project’, ‘target’, ‘schedule’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company’s planned exploration programs and drill programs and potential significance of results are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials, and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate, and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235988

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Cygnus Metals and Doré Copper Mining said on Wednesday (January 1) that they have completed their merger.

The combined entity will be a critical minerals explorer and developer with two core assets in Québec, Canada.

Cygnus acquired all of the issued and outstanding common shares of Doré on Tuesday (December 31) through a Canadian statutory plan of arrangement, finalizing the deal. Cygnus shares are listed on the ASX under the symbol CY5, and are expected to start trading on the TSXV under the symbol CYG on or about Friday (January 3).

The company has also applied to list on the OTCQB under the ticker symbol CYGGF.

The merger of equals between Cygnus and Doré was announced this past October, with the companies emphasizing at the time that the deal would create value for shareholders on both sides. Under the agreement, each former Doré shareholder will receive 1.8297 Cygnus shares for each share they held before the transaction was finalised.

‘By combining the proven exploration and management skills of the Cygnus team with the high-grade resource and immense upside at the Chibougamau Copper-Gold Project, we have the potential to unlock substantial value,’ Cygnus Executive Chair David Southam said at the time, adding that plans for ‘aggressive exploration’ were in the works.

The new company’s two main assets are the Chibougamau copper-gold project and the James Bay lithium project.

Chibougamau currently has a measured and indicated resource of 3.6 million metric tons at 3 percent copper equivalent, and an inferred resource of 7.2 million metric tons at 3.8 percent copper equivalent.

James Bay’s Pontax project holds a resource of 10.1 million metric tons at 1.04 percent lithium oxide.

Doré brought the Chibougamau asset to the table, and in Wednesday’s release former President and CEO Ernest Mast said the Cygnus team has the ability to maximize the value of the project.

“This merger will provide the funding, additional expertise and the strategy aimed at generating superior shareholder returns with an exciting exploration program at Chibougamau,” he noted.

Southam will now act as executive chair of the new company, while Mast will hold the position of president and managing director in Canada. The board will also have two non-executive directors from each of the merged companies.

Cygnus said that results from a pre-Christmas drill program at Chibougamau are expected to be released early this quarter. Following on from that, the company will begin a drilling and geophysics program at the site.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Copper prices saw impressive gains in 2024, even breaking the US$5 per pound mark in May. However, the red metal’s gains didn’t last, and by the end of the year copper had retreated back to the US$4 range.

The start of 2025 could be eventful, with Donald Trump returning to the Oval Office, a new stimulus package coming into effect in China and a continued push for greener technologies around the world.

What will these factors mean for copper prices in the new year? Will they rise, or can investors expect the base metal to remain rangebound? Here’s a look at what experts see coming for the important commodity.

How will Trump’s presidency impact US copper projects?

Trump will be sworn in for his second term as US president on January 20.

During his campaign, he made bold promises that could shake up the American resource sector, pushing a ‘drill, baby, drill’ mantra and committing to increasing oil production in the country.

When it comes to copper, Trump’s proposed changes to environmental regulations could have key implications. While the Biden administration has sought to toughen these rules, Trump will look to relax them.

“The former president has already pledged to overturn a 20 year moratorium on mining in Northern Minnesota. This pro-mining approach means more mines could be permitted and put into production,” she said.

One project that was being planned before the Biden administration restricted access to federal lands in the Superior National Forest belongs to Twin Metals Minnesota, a subsidiary of Antofagasta (LSE:ANTO,OTC Pink:ANFGF). The company has been working to advance its underground copper, nickel, cobalt and platinum-metals group project since 2006, and has submitted plans to state and federal regulatory agencies.

Another copper-focused project that may benefit from the incoming Trump administration is Northern Dynasty Minerals’ (TSX:NDM,NYSEAMERICAN:NAK) controversial Pebble project in Alaska.

The company has been exploring the Bristol Bay region since acquiring the property in 2001, but the US Army Corps of Engineers denied approval in 2020; the Environmental Protection Agency did the same in 2021.

Northern Dynasty has been fighting these decisions at both the state and federal level. It reached the Supreme Court in January 2024, but was denied a hearing until the dispute is examined at the state level.

On December 20, Alaska Governor Mike Dunleavy added his support for the project when he petitioned the incoming president to issue an Alaska-specific executive order on his first day in office. The order would effectively reverse decisions made by the Biden administration, including the permitting of the Pebble project.

In addition to Pebble, projects like Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and BHP’s (ASX:BHP,NYSE:BHP,LSE:BHP) Resolution, and Hudbay Minerals’ (TSX:HBM,NYSE:HBM) Copper World, both of which are in Arizona, may benefit from Trump’s plan to reduce permitting times on projects worth over US$1 billion.

Currently, large-scale operations like these can take up to 20 years to move from exploration to production in the US. Copper is considered a critical mineral for the energy transition, and is increasingly becoming a security concern as the US is largely dependent on China for its supply of copper.

Copper price volatility expected under Trump tariff turmoil

As tensions continue to grow between the west and eastern nations like China and Russia, it may not take much to threaten markets for critical materials, including copper.

Trump has already promised to impose a 60 percent tariff on all goods coming from China.

A tariff on copper imports could upend the president-elect’s plans for the resource sector. It would increase the prices of copper imports and disrupt the overall economy.

“The risk is that the president-elect’s threatened tariffs, including 60 percent on China and 20 percent on all other nations, could derail global economic growth, lead to higher inflation and, with that, tighten monetary policy and also lead to a change in trade flows. Copper will suffer if demand takes a hit,’ Joannides said.

‘In addition, there is likely to be continued volatility in prices,” she added.

In its recent analysis of Trump’s policies, ING sees an overall negative impact on global metals demand.

The firm believes that many of his plans, including tariffs, will cause the US Federal Reserve take a longer-term approach to reducing interest rates, which could affect investment in large-scale copper projects.

S&P Global expressed a similar view after Trump’s win. Immediately after the election, copper prices sank 4 percent to fall under US$4.30, with the firm suggesting that is likely just the beginning. The organization notes that while the market may have already priced in Trump’s tariffs, a larger trade war could impact prices even further.

Economic recovery in China could further boost copper prices

China’s faltering economy has been a major headwind for copper over the past several years.

The country’s housing market accounts for roughly 30 percent of global demand for the red metal, meaning that any shifts could have significant implications for the copper market.

The sector has been struggling for the past few years as the country deals with economic issues, including fallout from the COVID-19 pandemic, which caused disruptions to supply chains and a spike in unemployment.

Ultimately, economic factors struck China’s real estate sector, an important driver of the country’s gross domestic product; this caused the collapse of the nation’s top two developers, China Evergrande Group and Country Garden.

So far, the government’s attempts to stimulate the economy and jumpstart the beleaguered real estate sector have largely failed. In September, it announced measures aimed at property buyers, such as reducing interest rates for existing mortgages by 50 points and cutting the minimum downpayment requirement for homes to 15 percent.

Other changes introduced at the time include more help from the People’s Bank of China, which will provide a lending facility for state-owned firms to acquire unsold flats for affordable housing.

China followed this up with an announcement in November that it will provide additional support for local governments by increasing their debt-raising capacity by 6 trillion yuan over the next six years.

While these measures may not be felt for some time, kickstarting the Asian nation’s real estate sector could be a boon for copper producers and investors.

“If the Chinese real estate market were to post a recovery, this would see domestic demand for copper tick higher and could lead to a tighter supply and demand balance overall assuming all other things remain unchanged. This would underpin even higher prices than we are currently projecting,” said Joannides.

Copper industry needs more investment dollars

With copper demand projected to grow long term, supply-side concerns are rising. According to Joannides, there is already recognition that copper exploration has been underinvested over the past few years.

‘Technology will likely help increase the chance of discovery, and broadly I would say that policymakers are now more supportive of mineral exploration as the push to secure critical raw materials supply has moved up the agenda.’

Joannides pointed to greenfield projects already in the pipeline, including Capstone Copper’s (TSX:CS,OTC Pink:CSCCF) Santo Domingo in Chile, Southern Copper’s (NYSE:SCCO) Tia Maria in Peru and Teck Resources’ (TSX:TECK.A,TECK.B,NYSE:TECK) Zarfanal in Peru.

There’s also Northmet, a Teck and Glencore (LSE:GLEN,OTC Pink:GLCNF) joint venture in Minnesota.

Rising copper prices could also increase the flow of money from the major companies into the junior space, where most of the exploration is currently occurring.

“Copper has become the standout strategic preference for the major mining companies. The risk-adjusted cost of developing organic copper assets is higher than the cost of acquiring them,” Joannides said.

This kind of acquisition activity could help reduce the development time of assets compared to companies starting exploration from scratch.

Investor takeaway

While copper supply and demand conditions are expected to remain tight in 2025, competing forces are at play.

One of the biggest factors is Trump’s return to the White House. If the president-elect takes action as quickly as he has promised, investors could soon gain insight on the long-term implications of his policies.

In terms of China, it will take time to get the property sector back to where it was before the pandemic; however, there may be sparks early in the year as new measures start to work their way through the market.

During 2025 it may be even more prudent than usual for investors to do their due diligence on copper and keep an eye on the forces that may affect the market.

Securities Disclosure: I, Dean Belder, hold shares of Northern Dynasty Minerals.

This post appeared first on investingnews.com

Venezuela’s exiled former presidential candidate, Edmundo González Urrutia, returns to South America Friday in a show of defiance as Caracas prepares to inaugurate current President Nicolas Maduro, who has been in office since 2013.

González’s first stop: a meeting with Argentina’s far-right President Javier Milei in Buenos Aires on Saturday. Milei has been a vocal critic of the Venezuelan regime, calling Maduro a “criminal” after Venezuela expelled Argentina’s diplomats in the aftermath of the contentious election, which was marred with allegations of vote rigging.

It is unclear where else González plans on going during his tour; he has previously pledged to return to Venezuela to inaugurate his own government.

The former diplomat fled the country in September and sought asylum in Spain after a warrant was issued for his arrest by Venezuela’s public prosecutor’s office, amid a crackdown on the country’s opposition movement.

The warrant capped off a fractious few months, which saw Venezuela’s National Electoral Council (CNE), a body stacked with Maduro allies, formally declare the longtime strongman the winner of the July 28 election -– without providing voting tallies.

The official results attracted widespread skepticism from abroad as the opposition insisted that it had won, releasing tens of thousands of voting tallies gathered from across the country, that they said proved González won by a landslide.

The United States and Argentina, among others, have gone on to recognize González as Venezuela’s rightful president-elect.

But Maduro has repeatedly dismissed claims that the vote was stolen, and says he is ready to begin a new term on January 10.

For González, returning to Venezuela would be filled with risk. On Thursday, Venezuela’s Scientific, Criminal and Criminal Investigation Corps (CICPC) offered a $100,000 reward for information leading to González’s arrest, it said on Instagram.

CICPC said González is wanted for several crimes, including conspiracy, complicity in the use of violent acts against the republic, usurpation of functions, forgery of documents, money laundering, disregard for State institutions, instigation to disobedience of the law and criminal association.

This post appeared first on cnn.com

Transgender dancer Jin Xing’s ascent to the upper echelons of Chinese show business is extraordinary in a nation where it has become increasingly difficult for LGBTQ+ people to live openly.

The 57-year-old has been a transgender icon in China for years, admired by some of the country’s most marginalized as a rare example of both success and acceptance, even within officialdom.

But a recent series of sudden and unexplained cancelations by local authorities of appearances by her dance troupe has sparked fears Chinese leader Xi Jinping’s authoritarian drive is ensnaring the country’s most prominent openly transgender personality.

Transgender people in China often face social stigma and institutional discrimination, facing issues in looking for work or simply walking down the street without being stared at.

Jin, however, has managed to carve out a decades-long career that defies the norm. She sells out concerts, hosts TV talk shows and boasts 13.6 million followers on her Weibo social media account. More remarkably, she has managed over the years to secure the endorsement of Communist Party officials.

Chinese state media have called her one of “10 legendary figures of Chinese modern dance” and frequently publish glowing profiles.

For other transgender people, she embodies the hope that one day China may become progressive enough to accept them, just as it embraces her.

“I find her very admirable,” he said, speaking under an alias for fear of retribution from the Chinese authorities.

But signs suggest official acceptance of Jin could now be waning.

Chinese authorities have ramped up ideological control over what they consider the undue influence of Western values, including a crackdown on the LGBTQ+ community.

Late last year, authorities in the southern metropolis of Guangzhou canceled her Jin Xing Dance Theater’s show, citing insufficient documents. Subsequently, venues in other parts of the country also dropped her shows, without explanation.

Some from the transgender community are now worried that Chinese authorities are trying to send a message.

Sam Winter, an associate professor who specializes in Asian transgender issues at Curtin University in Australia, said Jin managed to rally support from the authorities because of her years of achievement – which was hard for officials to dismiss, and began at a time when China seemed to be liberalizing.

“But things seem to have changed. Maybe the earlier shift towards a more liberal atmosphere was the problem,” he said.

Brush with authorities

China decriminalized homosexuality in 1997, before removing it from its official list of mental disorders in 2001.

Until a few years ago, the LGBTQ+ community was still allowed to hold an annual Pride parade in Shanghai and share snippets of their lives on chat groups run by university students on social media WeChat.

But the movement has faced a mounting crackdown under Xi, who has adopted a more authoritarian, socially conservative and patriarchal vision for the country.

Support groups have been forced to disband, with activists harassed by police, Pride parades canceled and films and TV shows featuring same-sex themes banned.

Jin’s brush with Chinese authorities began in late October when the Municipal Bureau of Culture, Radio, Television and Tourism in Guangzhou canceled her show at the city’s opera house slated for December.

The show was an adaptation of “Sunrise,” a classic play by renowned Chinese playwright Cao Yu, which Jin’s troupe had been staging nationwide for the past four years, she wrote in a now-deleted Weibo post criticizing the cancellation, state-affiliated online news portal The Paper reported.

She went on to demand the official in charge give detailed reasons for the cancellation, warning in the post: “Please don’t abuse your public power!”

Direct challenges to Chinese authorities are rare and risky. After her post, Jin’s subsequent shows in the cities of Foshan, Suzhou and the commercial hub of Shanghai – where her troupe is based – were also called off by the venues without explanation.

In a recent interview with France 24, the dancer said she was puzzled by the authorities’ decision given how she had been allowed to perform “for 40 years in China.”

Some Weibo users have speculated that Jin may have crossed a red line by holding a rainbow flag that read “Love is Love,” during an earlier show.

Chinese authorities view the rainbow flag – a global symbol of the LGBTQ+ community – with suspicion.

Jin acknowledged the political sensitivity involved during the France 24 interview but said she only waved the flag to comfort the fan who passed it to her.

“This thing happened in January (2024). After that I performed all over the country and had no issues at all,” she added. “Even today, I am still questioning why.”

Online discussion on China’s heavily censored internet has been split over Jin’s cancelations, from more nationalist rhetoric describing LGBTQ+ issues as some sort of foreign conspiracy, to others expressing sympathy and admiration for Jin.

From military born to ‘China’s Oprah’

Part of what made Jin’s rise extraordinary was that she was born into a military family. Her father was an army officer and her mother is a Japanese interpreter.

After realizing her passion for dance, her parents sent her to one of the best dance schools run by the People’s Liberation Army at the time, according to an interview she gave to state-affiliated online news platform Shine.

That meant that Jin not only received rigorous ballet training but also did tough military drills from the age of nine.

During her teens, she won dance awards as she rose through the military ranks. She was considered a “national property,” according to Shine.

In 1987, she moved to New York to study modern dance on a scholarship and subsequently worked as a choreographer and dancer in Rome and Brussels, before eventually returning to China, where she underwent gender-affirming surgery at the age of 26.

The procedure left her left leg paralyzed for months, she told China Daily.

But Jin bounced back and founded Jin Xing Dance Theatre in 1999.

Not only did she push boundaries as a transgender woman, she also popularized modern dance in China.

As her fame rose over the years, she was invited to host talk shows and soon became known for her straight-talking humor with guests.

The Hollywood Reporter dubbed her the “Oprah of China” and Jin was able to walk the fine line of providing frank discussion without upsetting central authorities.

“I am myself and represent only myself. I will always be Jin Xing and it has nothing to do with gender,” she wrote in a recent post on Weibo.

Struggle for transgender people in China

While her life has been celebrated as a success by China’s transgender community, it’s a far cry from many people’s lived experience.

Cyan said he felt like he would never be accepted and had to hide his identity.

“In mainland China you feel like a street rat. You can never tell anyone you’re transgender wherever you go,” he recalled.

He moved to Canada two years after undergoing a gender-affirming mastectomy – also known as top surgery.

“Both my parents and I agreed that my life as a trans person in China was going to be quite difficult,” he said, adding many of his transgender friends also struggled to find employment.

Gender-affirming surgery is expensive and hard to find in China, Cyan said, and patients face significant hurdles.

Even if money is not an issue, hospitals offering such services are limited and pre-requisites are harsh. For example, the person must have parental consent, regardless of age, and have no criminal record. For many, it is already a non-starter given their parents will never approve.

At the same time, undergoing a full gender affirmation procedure, including the reconstruction of the genitalia, is the only way a person can change their gender on identity documents in China.

“During the day, they’re men. At night, they become women after work, without telling their families,” she said.

“I know some of my friends wouldn’t dare go out during the day and only go to bars in the evening. But even at bars, some get ignored,” said Yao.

What happened to Jin, the dancer, only makes people like Yao more pessimistic about what is to come.

“I knew things are going to happen this way, that the environment (for LGBTQ+ people) will get worse and worse from now on,” she said.

This post appeared first on cnn.com

A group of security forces from Guatemala and El Salvador arrived in Haiti on Friday to reinforce a multinational mission tasked with tackling the country’s rampant gang violence, the Haitian National Police announced.

The 75 Guatemalan and eight Salvadoran troops were greeted on the tarmac of the international airport in the capital, Port-au-Prince, by a host of high-ranking officials, video released by the police shows.

The officials included the leader of Haiti’s Transitional Presidential Council Leslie Voltaire, Prime Minister Alix Didier Fils-Aimé, and the United States Ambassador to Haiti Dennis Hankins.

The troops will join the foreign police force known as the Multinational Security Support (MSS) mission — a US and United Nations-backed initiative working with the Haitian police to restore security on the island amid an ongoing battle with the violent gangs.

In a statement, Normil Rameau, the acting director general of the National Police, said a “marriage” of the police with the people of Haiti remains “the most effective way to facilitate the total restoration of security and the establishment of lasting peace.”

Haiti has been ravaged by intensifying gang violence, which the government has struggled to contain in the aftermath of President Jovenel Moïse’s assassination in 2021. The island nation has also grappled with natural disasters and a worsening hunger crisis.

The UN Security Council approved the launch of the MSS in 2023 after repeated pleas for international support from Haiti’s government. The mission received the support of the United States, which offered to provide hundreds of millions of dollars in funding and resources.

However, the mission has not been without trouble. It is helmed by hundreds of Kenyan police officers, but their deployment was repeatedly delayed before eventually arriving in June last year. The officers then did not receive pay for months after their arrival.

Violence has continued to plague the country despite the mission’s presence. In November, the US civil aviation regulator grounded all flights to Haiti for weeks, after three jets from US-based airlines were struck by bullets while flying over Port-au-Prince. In a separate incident in October, gangs targeted US Embassy vehicles with gunfire, later prompting the evacuation of 20 embassy staffers.

Godfrey Otunge, the commander of the Kenyan troops in the MSS, welcomed the Guatemalan and Salvadorian soldiers on Friday while praising their partnership with the Haitian government.

“We don’t take it for granted. We have a prime minister who is also our friend,” Otunge said, according to the police video.

This post appeared first on cnn.com